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FL S0536
Bill
Status
Failed
5/5/2017
Primary Sponsor
Banking and Insurance
Click for details
AI Summary
- Repeals the requirement that unclaimed funds be deposited with the Chief Financial Officer to the credit of the State School Fund
- Eliminates the surplus trustee system for locating owners of surplus funds after judicial sales; instead requires clerks to report unclaimed surplus as unclaimed property to the Department of Financial Services under chapter 717
- Limits entitlement to surplus funds to the owner of record, their estate, or beneficiaries as defined in probate law
- Removes service charges of $15 each for appointing and notifying surplus trustees
- Takes effect July 1, 2017
Legislative Description
Unclaimed Funds Held by the Clerks of Court
Last Action
Died in Appropriations
5/5/2017
Committee Referrals
Appropriations3/22/2017
Appropriations Subcommittee on Criminal and Civil Justice3/8/2017
Banking and Insurance2/9/2017
Full Bill Text
No bill text available